Commodification of Knowledge

“Commodification of knowledge,” a term by which I mean the transformation of knowledge into a commodity, is the capital of the economy of the global knowledge system and its most important asset.

It must be made clear that the entertainment of knowledge depends on the existence of two essential things: knowledge cities, the tools of the knowledge industry, and the availability of both of which indicate the importance of the availability of power, along with knowledge. In the words of ancient philosophers, the meaning of knowledge is the ability to apply knowledge and transform it into an economy because that is the ultimate goal of life. Knowledge alone is not enough, and the widening knowledge gap deprives most developing countries of actual participation in the new world economy, which may expose them to many risks. It starts with the economy and expands to include stability and security. The knowledge gap is not meant to be that some cannot own knowledge, or who do not, but rather the inability to manage and invest it, its purpose, it is arming, and its transformation into an economic resource, which is due to the prosperity of the national income of individuals, and the rise of the national economy, and the knowledge itself, wherever we manage and our faces will find it.
The old definition of the economy is that today one should prepare for tomorrow’s demands, and today’s economy says that we should use yesterday’s trees as wood for the day, i.e., they have passed the humidity stage and have become dry and viable for investment.
Therefore, it is powerful to have knowledge cities knowledge industries, to achieve the state of application and arming of knowledge, and the cities of knowledge and technical cities, their recent emergence in the world, is beginning to grow and spread significantly and noticeably, as a natural result of the importance of these cities, their ability to move the rudder, to advance the development and economy of all nations, as well as their role in increasing GDP and increasing employment opportunities.
In their industries, they rely more on the efficiency of the human element, the use of reason for invention and development than on raw materials, and the industry enters many sectors. Some states have even made the knowledge industries and exporting the knowledge commodity their main economic resource.
In his book cities of the future, Mitchell argues, referring to cities of knowledge, that cities will be independent of their spatial or geographical surroundings, depending on the fact that the internet has created what might be called electronic wages, with which the idea of bringing communities together in urban life has differed.
The web has fundamentally reshaped the spatial environment of buildings and cities, and city life is being organized and managed by new rules, thus changing the role of buildings in knowledge cities from what they were before, and smart buildings have a new role in supporting the concept and building of knowledge cities.
Knowledge industries’ development of domestic and export markets is an essential factor in their prosperity. A strategy must be taken into account to achieve a state of knowledge-sharing, where the revitalization and development of markets is an essential condition for the continuity and existence of knowledge industries. Nevertheless, this mechanism alone is not sufficient to revive knowledge industries because their conscious management and awareness of an essential condition are also recognized alongside those mechanisms.
Some countries, such as the united states and japan, have been able to reach 50% to 60% of their income in the knowledge industries and the export of knowledge goods, out of all industrial and technological outputs, thanks to the strategy of developing and revitalizing domestic markets, export markets, and good management.
Some essential strategies and factors will enhance the existence of knowledge commodity industries in any country, including the strategy of expanding applied research, development, and technology transfer, where support for applied research is one of the essential elements of information technology, and this is done by promoting creativity and innovation, supporting intellectual production, and stimulating technological incubators. In the context of supporting new ideas, including stimulating the expansion of research into new technologies, such as nano, and other industries in which the knowledge economy and industries based on knowledge, to its highest levels, is keeping pace with the changes in the world, and the challenges and updates posed by technology. Moreover, to talk the rest.

Author : Manahel Thabet
Published Jan 23, 2022
Al Bayan Newspaper

Related Post:

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on whatsapp
WhatsApp

Videos:

35
Play Video
Manahel Thabet PhD President of Economic Forum for Sustainable Development share her knowledge in Digital Economy in a Wonderful conference at Digital Agenda at Almaty, February 01, 2019 #ManahelThabet #Economist #100mostpowerfulWomenintheMiddleEast #DigitalAgenda2019 #Almaty
Play Video